Kiley Juergens Wealth Management LLC Reduces Position in Alphabet Inc. (NASDAQ:GOOGL)

Kiley Juergens Wealth Management LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,193 shares of the information services provider’s stock after selling 80 shares during the period. Alphabet comprises 3.3% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Kiley Juergens Wealth Management LLC’s holdings in Alphabet were worth $9,805,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GOOGL. Ullmann Wealth Partners Group LLC raised its stake in Alphabet by 37.8% in the third quarter. Ullmann Wealth Partners Group LLC now owns 4,282 shares of the information services provider’s stock worth $560,000 after buying an additional 1,174 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Alphabet by 20.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 75,720 shares of the information services provider’s stock valued at $9,909,000 after acquiring an additional 12,756 shares during the period. Venture Visionary Partners LLC raised its position in shares of Alphabet by 5.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 177,286 shares of the information services provider’s stock worth $23,200,000 after acquiring an additional 8,706 shares in the last quarter. Advance Capital Management Inc. lifted its stake in shares of Alphabet by 9.4% during the 3rd quarter. Advance Capital Management Inc. now owns 9,496 shares of the information services provider’s stock worth $1,243,000 after purchasing an additional 817 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Alphabet by 1.4% during the 3rd quarter. Global Retirement Partners LLC now owns 88,542 shares of the information services provider’s stock worth $11,974,000 after purchasing an additional 1,182 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 in the last 90 days. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on GOOGL shares. Citigroup reissued a “buy” rating and set a $168.00 price target on shares of Alphabet in a research report on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $160.00 price objective on shares of Alphabet in a report on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research note on Wednesday, January 31st. KeyCorp increased their price target on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Jefferies Financial Group boosted their price target on Alphabet from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Five investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.71.

Alphabet Trading Up 0.5 %

Shares of Alphabet stock opened at $159.13 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $102.63 and a twelve month high of $160.22. The firm has a market capitalization of $1.98 trillion, a PE ratio of 27.44, a P/E/G ratio of 1.44 and a beta of 1.05. The firm’s 50-day moving average price is $146.96 and its 200 day moving average price is $141.06.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter last year, the business posted $1.05 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.